Suncor Energy had its Relative Strength (RS) Rating upgraded from 68 to 79 Thursday - a welcome improvement, but still below the 80 or higher score you prefer to see.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if Suncor Energy can continue to rebound and hit that benchmark.
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Suncor Energy is trying to complete a cup with handle with a 37.33 buy point. It has yet to build the right side of the pattern, so let's see if the stock can continue the move up, leading to a breakout price in heavy trading volume. Note that today it is finding support at the 10-day moving average.
The company posted 165% EPS growth last quarter. Sales rose 47%.
Suncor Energy earns the No. 17 rank among its peers in the Oil & Gas-Integrated industry group. ExxonMobil and BP ADR are also among the group's highest-rated stocks.
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